AppFolio Inc (NASDAQ: APPF) has reported earnings for its second fiscal quarter (ending June 30) of $0.82 versus a loss $-0.53 for the same period a year ago. This result fell short of the consensus estimate of $0.96 by $-0.14. For the latest four quarters through June 30, E.P.S. were $3.48 versus $-2.20 for the same period a year ago.
Recent Price Action
AppFolio Inc (NASDAQ: APPF) stock rose modestly by 1.0% on 7/25/24. The stock closed at $259.07. Moreover, unusually high trading volume at 197% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.5% during the last week.
Current PriceTarget Research Rating
APPF is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
AppFolio has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. AppFolio has a very low Appreciation Score of 12 but a good Power Rating of 85, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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